2014 Worldwide Major VAT Changes Coming Into Force

Azores (Portugal), 1 January
The standard VAT rate was raised from 16% to 18%.

Corsica (France), 1 January
The standard VAT rate was raised from 8% to 10%.

Croatia, 1 January
The reduced VAT rate rose from 10% to 13%.

Cyprus, 13 January
The standard VAT rate to rise from 18% to 19%; this is part of a two stage increase from 17% following the severe financial crisis in Cyprus. The reduced VAT rate is also rising from 8% to 9%.

France, 1 January
The standard VAT rate increased from 19.6% to 20%. The reduced VAT rate of 7% rose to 10%. The planned cut in the other reduced rate from 5.5% to 5% was blocked by the constitutional court.

Ghana, 1 January
The standard VAT rate rose from 12.5% to 15%.

Mexico, 1 January
VAT rate increased on US border areas from 11% to 16%.

Serbia, 1 January
The reduced VAT rate rose from 8% to 10%.

From TMF